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Dec 27, 2012
12/12
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the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. it could be a few weeks before workers see more money being withheld in their paychecks. >>> george h. w. bush is in intensive care. a fever that kept him in the hospital over christmas has gotten worse. a bush family spokesperson says the 88-year-old was alert and joking with doctors but has yet to respond to fever re-reduce reducing
the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress...
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Dec 27, 2012
12/12
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cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in n
cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight...
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Jan 1, 2013
01/13
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FOXNEWSW
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a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen the piece of legislation move forward, the specifics. as you look live, vice president biden walked into the democratic caucus meeting there just beyond where the reporters are standing there by the microphones and said happy new year, happy new year, isn't it great that you all are here tonight. so what about this deal that is shaping up? the house will not be taking it up tonight. they have adjourned for the night and they will reconvene in 2013. actually you noon tomorrow the house will come back. essentially the u.s. will go over the fiscal cliff. but what about this deal that is shaping up and
a senior democratic source saying the white house has a deal with republicans to avoid the fiscal cliff. a deal in the senate. however, there are still some questions about senate democrats which is why vice president biden s now and capitol hill we are told by sources to essentially get some of the liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen...
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Dec 24, 2012
12/12
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WMAR
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so we will move on to the fiscal cliff. the house and senate on christmas break. the president vacationing in hawaii and you are looking at a pretty hefty tax hike if they don't come to an agreement. law makers have one week to come up with a deal to avoid the fiscal cliff. some republicans now say the president wants the country to go over the cliff. last week president -- last week's speaker of the house john boehner failed to get the plan b passed but he failed to even bring to a vote. and if his own party that kept it from happening. so as the bickering continues over who is to blame the president and speaker left town after making the parting pitches. >> the work towards a package that prevanes tax hike on mid -- prevents a tax hike on middle class americans protect unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be redink as far as the eye could see and it would hurt jobs. >> president obama says that he will cut his holiday va
so we will move on to the fiscal cliff. the house and senate on christmas break. the president vacationing in hawaii and you are looking at a pretty hefty tax hike if they don't come to an agreement. law makers have one week to come up with a deal to avoid the fiscal cliff. some republicans now say the president wants the country to go over the cliff. last week president -- last week's speaker of the house john boehner failed to get the plan b passed but he failed to even bring to a vote. and...
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Dec 26, 2012
12/12
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FOXNEWSW
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cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in n
cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight...
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Dec 26, 2012
12/12
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going over the fiscal cliff. hope you had a great christmas. how are things looking there? >> merry christmas. president obama is set so fly out of honolulu tonight. 3:00 a.m. thursday on the east coast. he will arrive sometime in dc at some point. they are going to stay behind in rara. he visited a hundred service members to thank them for their service to talk about brothers in arms who are still serving in places like afghanistan. he wished many of the men and women at the marine base in hawaii a in a very laid back atmosphere. different than what he will return to the negotiating table at the white house where he and speaker boehner are believed to be $400 billion apart whchlt speaker boehner had the poll the republican plan d bill which would have raised taxes on millionaires. $414 billion. it is all that separates the two sides. if he makes a deal with the president he still has a ways fog. you can mix his conference in the house to go awong with it. as far as we know there has not yet been a time establish
going over the fiscal cliff. hope you had a great christmas. how are things looking there? >> merry christmas. president obama is set so fly out of honolulu tonight. 3:00 a.m. thursday on the east coast. he will arrive sometime in dc at some point. they are going to stay behind in rara. he visited a hundred service members to thank them for their service to talk about brothers in arms who are still serving in places like afghanistan. he wished many of the men and women at the marine base...
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Jan 1, 2013
01/13
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"special report" from washington with all the fiscal cliff latest starts at 6:00. now back to "the five." ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax. >> what? that is a hoax? it's not real? >> oh, man. i'm really going to upset you now. saskatchewan. >> that's sasquatch. >> that's why they only ate grass. >> the eyes were here -- >> my dad said pay your bets and pay them on time. >> give us a profile shot. >> the other segment was my other half. >> puerto rican and irish. >> yes, thank you. >> good combo, right? >> there must be food safety standard. >> that wasn't a food cart you bought it from. >> what was it? >> age makes you more full of wisdom when you were a jerk most of your life. >> look at bob. >> that was mean. >> that was a joke, bob. >> could you manual bob getting an award for his
"special report" from washington with all the fiscal cliff latest starts at 6:00. now back to "the five." ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax....
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Jan 1, 2013
01/13
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has technically fallen off the fiscal cliff. the house hasn't voted yet. the president hasn't signed it. so why couldn't washington solve this earlier? i'm joined by democratic strategist debbie dangle and spokesperson more the american majority action fund, ron myer. ron, do you believe it is just atypical to this era of congressional leaders that we need the bringsmanship? >> frankly, i think it's typical of this era that we have to wait 'til the last minute to pass everything and that's not a way to run things. this was planned all along to wait 'til the last minute so people would be grateful that something passed. it's totally unbalanced. 41 to one tax hike to spending cut ratio. it's crazy to say that the president all along has been advocating for a balanced approach and this is where we ended up. really we've been holding out, running the clock so that we could pass something that the democrats love a tax hike with no spending cuts. >> brian: we know this, the cbo says right now people -- in their own savings and own investing, debbie, we know it w
has technically fallen off the fiscal cliff. the house hasn't voted yet. the president hasn't signed it. so why couldn't washington solve this earlier? i'm joined by democratic strategist debbie dangle and spokesperson more the american majority action fund, ron myer. ron, do you believe it is just atypical to this era of congressional leaders that we need the bringsmanship? >> frankly, i think it's typical of this era that we have to wait 'til the last minute to pass everything and...
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Dec 31, 2012
12/12
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is officially going over the fiscal cliff. the senate at this hour has not moved the bill to the floor. until that happens, the house won't act. has signaled there will be no miscall cliff action tonight. tonight on the last "special report" of 2012, although president obama says the deal is in sight, what does it look like and will it pass either chamber? we will cover the negotiations from every angle and the the f fall-out. secretary clinton has been hospitalized because of a blood clot between her brain and skull but they are confident she will make full recovery. there is another taming report on security failures. send this back to new york and the colleagues with "the five." ♪ ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax. >> what? that is a hoax? i
is officially going over the fiscal cliff. the senate at this hour has not moved the bill to the floor. until that happens, the house won't act. has signaled there will be no miscall cliff action tonight. tonight on the last "special report" of 2012, although president obama says the deal is in sight, what does it look like and will it pass either chamber? we will cover the negotiations from every angle and the the f fall-out. secretary clinton has been hospitalized because of a blood...
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Dec 27, 2012
12/12
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that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries that we pay are called public servants. meaning they verve us. not the other way around. we don't work to make their lives better. they are supposed t
that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the...
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as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama promptly says he would veto meanwhile phish has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckonings eric cry and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side one talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup card. hell yes cartel i said mabel syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital a
as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama promptly says he would veto meanwhile phish has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckonings eric cry and joe bowman about their choices plus a german...
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Dec 28, 2012
12/12
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KPIX
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to try to cut a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government
to try to cut a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks...
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Dec 28, 2012
12/12
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the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup truck died at the scene. the driver of the tractor- trailer was not hurt. >>> d.c. police are offering a $25,000 reward for information leading to the arrest in the shooting death of a capitol hill man. jason emma was shot multiple times the morning of christmas eve. he was found sitting in his car. the vehicle was still running. police think he was killed when two men tried to rob him. the funeral is set for tomorrow at 11:00 in arlington. >>> a disturbing scene out of new york city, where police say a man has died after bein
the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup...
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some house republicans have real problems with the senate's fiscal cliff compromise. and time is running out. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
some house republicans have real problems with the senate's fiscal cliff compromise. and time is running out. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
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okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house went into session at noon. the r
okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over...
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Dec 27, 2012
12/12
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but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today
but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and...
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is teetering on the fiscal cliff with the president the senate and the house of representatives still no closer to a deal it is just days to go until taxes for americans across the board jump massively at the same time as spending plummets but activist and journalist on the bar says it's not the deadlock that bothers him but what has already been agreed. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine was very little discussion. everyone agrees on both sides of the aisle that sums sort of the reduction in benefits from social security and medicare is inevitable quote unquote well you know the rest of us don't believe that it'
is teetering on the fiscal cliff with the president the senate and the house of representatives still no closer to a deal it is just days to go until taxes for americans across the board jump massively at the same time as spending plummets but activist and journalist on the bar says it's not the deadlock that bothers him but what has already been agreed. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many...
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putting more pressure on house republicans to either pass the senate compromise on the fiscal cliff or kick the effort down the road to next congress. >>> it is a day of mourning in the ivory coast. and new year's celebration turned tragic early this morning when thousands tried to leave a fireworks show. more than 60 people were killed in the stampede. hundreds of others were injured. police say that most of the victims were children. a witness told reporters security forces showed up and tlig triggered panic. fireworks show was supposed to celebrate peace in the nation. >>> all flights in and out of syria's largest city are canceled tonight after clashes between the military and rebel forces. rebel leaders threatened to target all aircraft. they believed the syrian government is using commercial craft to bring in weapons. fighting intensified today in damascus suburb. syrian military claims to have killed rebels during an air attack there. today the president of the syrian council called on other countries to help in the rebel cause. >> i hope that the community -- exactly what has b
putting more pressure on house republicans to either pass the senate compromise on the fiscal cliff or kick the effort down the road to next congress. >>> it is a day of mourning in the ivory coast. and new year's celebration turned tragic early this morning when thousands tried to leave a fireworks show. more than 60 people were killed in the stampede. hundreds of others were injured. police say that most of the victims were children. a witness told reporters security forces showed up...
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Dec 31, 2012
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mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two sides and negotiations continue. there is still time left to reach an agreement and we intend to continue negotiations. >> reporter: a big issue is what thresh do you continue the bush tax cuts. the democrats latest proposal, extend expiring tax rates for individuals with taxable income up to $360,000. and couples with income of about $450,000. senate republicans latest proposal allah taxes to rise on $450,000 for individuals and 550,000 for couples. republican aides say the democrats in the senate have not made any additional offers since saturday afte
mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is...
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Dec 28, 2012
12/12
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. >>> soon, only hours will be left to reach a come nice in the fiscal cliff talks. president obama is holding a summit at the white house today with congressional leaders and members of the house have to be back to work by 6:30 sunday night leaving them with just over 4 hours to come to a conclusion. steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from complications of pneumonia. he was best nope for leading international forces in iraq in 19916789 he was 78. >>> former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says bush is getting excellent medical care but expects nobody the hospital for a while. he is battling bronchitis and other complications from it. the 88-year-old was admitted to the hospital more than a month ago. >>> three people were killed when a tractor-trailer that was stopped in traffic was rear ended by a pickup. all of the victims were in the pickup. this happened ab
. >>> soon, only hours will be left to reach a come nice in the fiscal cliff talks. president obama is holding a summit at the white house today with congressional leaders and members of the house have to be back to work by 6:30 sunday night leaving them with just over 4 hours to come to a conclusion. steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from...
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Dec 28, 2012
12/12
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WRC
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nothing to dance about tonight, but a meeting on the fiscal cliff just wrapped up at the white house. president obama and top congressional leaders were trying to come up with ways to avoid the tax hikes and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make more than $250,000. the proposal known as plan b didn't work. it will remain to be seen if the smaller plan will. either way the countdown to the if you y
nothing to dance about tonight, but a meeting on the fiscal cliff just wrapped up at the white house. president obama and top congressional leaders were trying to come up with ways to avoid the tax hikes and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take...
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it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to go over some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something that they don't feel would be that great. and, again, part of that i
it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to...
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Dec 28, 2012
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congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today through tomorrow. beautiful picture from mount tamal
congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs...
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Dec 26, 2012
12/12
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ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum
ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat,...
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Dec 28, 2012
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and announcement of a fiscal cliff meeting at the white house, and reversal of fortune. dow bounced back before finishing slightly lower. >>> the most popular american general since world war ii, and tributes are pouring in for stormin norman schwarzkopf. he testeam rolled the iraqi military is in 1991 gulf war, liberating kuwait. he may have been the perfect front man for the first war who played out live in your living rooms. barbara starr live at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go home. and he accomplish thad in des rt storm, commanding more than 700,000 coalition forces, more than 500,000 americans and an air and grown campaign that lasted b
and announcement of a fiscal cliff meeting at the white house, and reversal of fortune. dow bounced back before finishing slightly lower. >>> the most popular american general since world war ii, and tributes are pouring in for stormin norman schwarzkopf. he testeam rolled the iraqi military is in 1991 gulf war, liberating kuwait. he may have been the perfect front man for the first war who played out live in your living rooms. barbara starr live at the pentagon. barba barbara, a great...
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Dec 30, 2012
12/12
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>>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as this afternoon. many saying this entire episode represents a lack of leadership on both sides of pennsylvania. with less than 48 hours until the tax hikes and spending cuts take effect, florida small business owner, gary simmons, is watching what happens in washington closely. >> it could directly impact our business if people do not have the extra dollars to come shopping. that hurts business. >> reporter: it is a frustration that is being felt coast to coast and christmas shoppers in california sound off. >> potentially, it will affect the middle class, which i am the most, right now. that's disappointing to me. >> reporter: with public pressure mounting, key staffers worked behind closed doors trying to hammer out a last-minute deal. in his weekly radio address, the president said, if lawmakers can't find a compromise, they should put his pla
>>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as this afternoon. many saying this entire episode represents a lack of leadership on both sides of pennsylvania. with less than 48 hours until the tax hikes and spending cuts take effect, florida small business owner, gary simmons, is...
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Dec 30, 2012
12/12
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WRC
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. >>> the country is two days from going over the so-called fiscal cliff. both the house and senate will be in session this sunday to prevent tax hikes and spending cuts that could go into effect on tuesday, and we could see a vote as early as today. but even so there are not any indications that lawmakers have a plan in the works to sign a deal before the deadline. kristin welker has more on the gridlock and the nationwide frustration it's causing. >>> they are trying to hammer out a last-minute deal. president obama pushed lawmakers to act. >> we cannot let washington politics gets in the way of america's progress. >> and they called on them to reach a prau phaoeuz or allow a vote on his plan that would among other things raise taxes on those making $250,000. >> i believe it could pass both houses as long as these leaders allow it to come to a vote. >> roy blunt delivered the republican spaupbs. >> the president's proposal to raise taxes on the top 2% of the americans will not even pay the interest on the trillion-dollar debt. >> and there is a plan that
. >>> the country is two days from going over the so-called fiscal cliff. both the house and senate will be in session this sunday to prevent tax hikes and spending cuts that could go into effect on tuesday, and we could see a vote as early as today. but even so there are not any indications that lawmakers have a plan in the works to sign a deal before the deadline. kristin welker has more on the gridlock and the nationwide frustration it's causing. >>> they are trying to...
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Dec 28, 2012
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. >>> as those fiscal cliff worries become mo, the stocks skidded on thursday. on news that house members will return to negotiations on sunday evening. the latest penning home sales data comes out at 9:00. >>> the dairy industry is calling it the milk cliff. if congress doesn't approve a farm bill, the price of milk could skyrocket from 3.65 to as much as 8. all dairy products will be affected. >>> now to another looming crisis, dock workers at more than a dozen ports across the country are threatening to walk out on the job sunday. strikes along the east coast will create a domino effect. the white house is urging an agreement as quickly as possible. >>> month will rents are on the rise. it's up 3.7% over last year. >>> travelers have attempted to carry 1500 firearms onboard airports in 2012. a separate report found that most firearms were confiscated at atlanta's heartsfield airport. >>> sea world is hoping to make a big splash by going public. it's hoping to pay down debt by going public. no word on a stock price for investing in shamu. >>> where do you get
. >>> as those fiscal cliff worries become mo, the stocks skidded on thursday. on news that house members will return to negotiations on sunday evening. the latest penning home sales data comes out at 9:00. >>> the dairy industry is calling it the milk cliff. if congress doesn't approve a farm bill, the price of milk could skyrocket from 3.65 to as much as 8. all dairy products will be affected. >>> now to another looming crisis, dock workers at more than a dozen...
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Dec 24, 2012
12/12
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if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild christmas in some places. this is stevens pass, washington. a stretch of highway he 2 was impassable because of heavy snow and wind. it caused major detours for holiday travelers. this is san francisco. rough surf and wind-driven rain making for some lousy christmas eve weather thanks to a second storm system hitting northern california causing major flight delays as well. millions, of course, are traveling today. how will the weather impact your travel? we'll bring in alexandre steele in the center. i'm here in d.c. without any holiday mess, but the mess is on its way, huh? >> it's coming right to the west of
if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild...
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as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama probably says he would veto meanwhile bitch has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckoning.
as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama probably says he would veto meanwhile bitch has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckoning.
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Dec 27, 2012
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yun, are any other mortgage housing related issues affected by the fiscal cliff? you talk about the potential of the mortgage tax deduction, but what about on january 1, are there any other tax changes for program changes we should be aware of? guest: the extension of the mortgage forgiveness should be extended. this is referring to people who are under water, they need to sell their house, so they need a short sale approval where the bank would forgive their debt of. the underwater of from the point of view of the irs, they consider that taxable. taxable if the extension is not prolong. so that is people who went through a difficult time and went through a short sale, they went through a very stressful financial times and for the irs to say now you have an additional taxable income, does not make sense. we have a bipartisan support to extend this. hopefully we can find a vehicle to attach it to and get it extended. it's only $1 billion price tag. a very small amount compared to the $1 trillion budget deficit we have been running. host: you have been quoted as say
yun, are any other mortgage housing related issues affected by the fiscal cliff? you talk about the potential of the mortgage tax deduction, but what about on january 1, are there any other tax changes for program changes we should be aware of? guest: the extension of the mortgage forgiveness should be extended. this is referring to people who are under water, they need to sell their house, so they need a short sale approval where the bank would forgive their debt of. the underwater of from the...
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Dec 28, 2012
12/12
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we do have breaking news from the white house where president obama is talking about the fiscal cliff after a meeting with congressional leaders. let's listen in. >> also ask lobbyist americans to pay a little more. above all, protect our middle class and everyone who is striving to get into the middle class. i want to still get this down. the right thing to do for our families, our businesses, and for our entire economy. but, the hour for immediate action is here. it's now. we're now at the point where, in just four days, every american's tax rates are scheduled to go up by law every american's paycheck will get considerably smaller. and that would be the wrong thing to do. for the economy, would be -- it would be bad for middle-class families and for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i am optimistic we may still be able to reach an agreement tha
we do have breaking news from the white house where president obama is talking about the fiscal cliff after a meeting with congressional leaders. let's listen in. >> also ask lobbyist americans to pay a little more. above all, protect our middle class and everyone who is striving to get into the middle class. i want to still get this down. the right thing to do for our families, our businesses, and for our entire economy. but, the hour for immediate action is here. it's now. we're now at...
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Dec 26, 2012
12/12
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make a last-ditch compromise with lawmakers to try to avoid that fiscal cliff. reena ninan is traveling with the president. she joins us, now, from honolulu, hawaii. reena, has there been any movement to try to reach a compromise here? >> reporter: it doesn't seem that either side -- the president or the white house has reached out to either side over this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking the emphasis over at the senate side. the other concern that the white house does have is to make sure that they come to their different party
make a last-ditch compromise with lawmakers to try to avoid that fiscal cliff. reena ninan is traveling with the president. she joins us, now, from honolulu, hawaii. reena, has there been any movement to try to reach a compromise here? >> reporter: it doesn't seem that either side -- the president or the white house has reached out to either side over this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft...
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Dec 27, 2012
12/12
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roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their. >> claire donehower is the assistant principal at the kennedy krieger school in baltimore. she took on another role as a volunteer in a mission to the dominican republic. >> i think it was a unique chance to take my love of working with kids and bring it into a completely different area. >> she was one of 40 volunteers chosen to complete the elementary school in a small village. they did everything from building walls with cinderblocks to painting to stuccoing. but her favorite part was interacting with the community. >> it was such a powerful
roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their....
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Dec 29, 2012
12/12
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minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting. we certainly hope that something will positive will come from that. >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> arthel: so is a fiscal deal more likely now than it was before congress left for christmas break? let's have a meeting of the minds. outreach director for freedom works, author of "backlash" and fox news contributor. and michael, former senior communications advisor to john kerry's presidential campaign and ceo of vent squared communications. long intros for both of you hard work people. i'm going with you first on this, danene. president obama says he's modestly optimistic. i ask you if ther
minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting. we certainly hope that something will positive will come from that. >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have...
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Dec 27, 2012
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in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this? since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party itself struggles with minority voters. >> i think you hit the nail on the head. clearly the republicans are having a major problem reaching out not just to people of color, but to women and so forth. i think what the republican party is trying to do is say, you know what? we have to do a better job. tim scott is a conservative from south carolina and also he's a earl if legislator in terms of being in the house of representatives, so it's perfect sense for him to go to the senate. we also see to a certain degree the first latino from texas, ted cruz, coming into the senate as well. so no question the repu
in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this? since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party...
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Dec 27, 2012
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hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rat
hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year...
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Dec 27, 2012
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what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senate floor. the top of the next hour, so we should get some insight from him as well. some of the aides have suggested that eerie read should talk less and legislate more. meanwhile, a house republicans suggested -- well, it's not so good. >> the house is actually extend these tax rates for everybody in the entire country, which is exactly the correct policy as we see it. we send it to the senate, the senate refuses to take it up. the senate can fix this today if they wanted to. >> the bottom line is that republicans are expecting that the white house and/or democrats on the hill will make a final offer of some sort at some point. but timing is not clear. not at this time. greg: mike emanuel li
what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senate floor. the top of the next hour, so we should get some insight from him as well. some of the aides have suggested that...
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Dec 24, 2012
12/12
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yeah, the house as you know, tried and failed to pass some kind of a compromise on that fiscal cliff. now the spotlight falls on the u.s. senate. some kind of deal could have a better chance there because the senate is not as bitterly divided as the house. success depends partly on whether mitch mcconnell decides to filibuster any legislation. there is senate republicans who are willing to compromise in order to avoid the fiscal cliff. including kay bailey hutchison of texas and johnny isakson of georgia. >> time is running out. and the truth of the matter is, if we do fall off the cliff after the president's maturitied, he'll come back, propose just what he proposed yesterday in leaving washington and we'll end up adopting it. why should we put the markets mn such turmoil and the people in misunderstanding or lack of confidence? why don't we go ahead and act now? >> the president is insisting tacks go up for the wealthy, but he's now scaled back his expectations for the rest of the year focusing only on a middle class tax cut and extended unemployment benefits. he said he still think
yeah, the house as you know, tried and failed to pass some kind of a compromise on that fiscal cliff. now the spotlight falls on the u.s. senate. some kind of deal could have a better chance there because the senate is not as bitterly divided as the house. success depends partly on whether mitch mcconnell decides to filibuster any legislation. there is senate republicans who are willing to compromise in order to avoid the fiscal cliff. including kay bailey hutchison of texas and johnny isakson...
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Dec 24, 2012
12/12
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apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. makers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >> a united states senator was arrested for drunk driving early sunday morning. idaho republican was taken to jail in alexandria virginia after midnight. he was stopped for running a red light and charged with driving under the influence. the senator has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states up to five feet of snow is expected. snow is also falling back east as well. like lake effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights in new york, philadelphia and washington. >>> the report you're about to see has very graphic images of peop
apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. makers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >> a united states senator was arrested for drunk driving early sunday morning. idaho republican was taken to jail in alexandria virginia after midnight. he was...
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Dec 30, 2012
12/12
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WBAL
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awaits word of movement, all heavy-duty negotiating to avoid the so-called fiscal cliff is going on behind closed doors. we have correspondents watching it on both ends of pennsylvania avenue and we begin with nbc's kelly o'donnell on capitol hill with the very latest on the ongoing negotiations. kelly? >> reporter: good evening, kate. well there are emotional swings around here and aides tell me six proposals shuttled back and forth two from democrats, four from republicans and still working on those. one of the biggest sticking points is should new leff new from tax increases be used to pay down the country's deficit or used to cover the cost of preventing sweeping government spending cuts? no ordinary sunday. arriving at the capitol, congressional leaders' every move and every word under scrutiny, as the country waits, weighing in from the white house, the president, who appeared on "meet the press," pushed republicans to give on taxes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans shou
awaits word of movement, all heavy-duty negotiating to avoid the so-called fiscal cliff is going on behind closed doors. we have correspondents watching it on both ends of pennsylvania avenue and we begin with nbc's kelly o'donnell on capitol hill with the very latest on the ongoing negotiations. kelly? >> reporter: good evening, kate. well there are emotional swings around here and aides tell me six proposals shuttled back and forth two from democrats, four from republicans and still...